Kota, Rajasthan, renowned as India’s coaching hub, is now in the throes of a significant downturn. Once bustling with aspiring medical and engineering students, the city now grapples with a sharp decline, reminiscent of challenges seen during the COVID-19 pandemic.
Recent reports from NDTV reveal a staggering 40 to 50 percent decrease in student enrollments at Kota’s prestigious coaching institutes compared to previous years. This decline not only impacts the city’s educational landscape but also threatens the livelihoods of many dependent on student patronage.
Local businesses are feeling the pinch. An owner of a bakery in Kota’s Coral Park area lamented, ‘Sales have halved due to fewer students. Many shops have had to shut down,’ highlighting the broader economic distress gripping the city.
For over three decades, Kota has thrived as an educational hotspot, transforming from a small town to a bustling city fueled by its coaching industry. However, this year presents a stark contrast, with many hostels sitting empty and businesses struggling to stay afloat.
Projections indicate potential annual losses nearing Rs 6,000 crore for Kota’s coaching sector alone, underscoring the severity of the economic impact. Despite efforts including the establishment of over 400 new hostels this year, occupancy rates remain low, between 25 to 50 percent.
The President of the Kota Hostel Association emphasized the gravity of the situation, stating, “Despite significant investments, many hostels are empty. The situation could worsen if student enrollments do not recover soon.”
The crisis has triggered a ripple effect across Kota’s economy, leading to reduced hostel rents, salary cuts for coaching staff, and widespread job losses. Local residents who leased properties to students now face financial challenges amidst declining revenues and rising costs.
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As Kota navigates one of its most challenging periods, stakeholders anxiously await a rebound in student numbers to restore the city’s economic vibrancy.
